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Topic: US-China trade war
Microsoft entered China in 1992, helping to engineer the govt’s computer systems and installing special versions of Windows OS that comply with the country’s censorship controls.
The Secretary of State says the US will announce measures shortly against a broad array of Chinese-owned software deemed to pose national-security risks.
The US has been pushing foreign companies to move supply chains out of China, and publicly floated the need for a group of friendly Asian nations that could help produce essential goods.
Meng's arrest in Canada is being seen as the result of the US-China tussle but it has also raised questions about whether Huawei is a private firm or an arm of the Communist Party.
The security threat designation means service will suffer as small carriers, cut-off from US govt subsidies, will have to shut down parts of their network.
US allies Japan and Australia, it appears, have joined ranks to call out and penalise China for its inaction with regard to the Covid-19 pandemic.
The signing ceremony included Trump & Chinese officials and marked a rare moment of friendship lately between the world’s two largest economies.
How Huawei survived the U.S. blacklisting could prove to be a case study in unintended consequences and a vast shift underway in global IT production.
India’s trade surplus with US was minor compared to China, Japan and Mexico. But Trump slapped steel, aluminium tariffs & withdrew GSP benefits.
The world needs multilateral institutions that acknowledge protectionism rather than free trade as the deeper & more enduring reality of global economic history.